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Biden expects oil prices to remain low for a few years
Thursday, 29 January, 2015
Shafaq News / The US Vice President , Joe Biden predicted that world oil prices would remain low over the next few years.
Biden said during the energy security summit in the Caribbean, that oil prices “is now below 50 $ a barrel. It is likely to remain relatively low, at least in the near term in the next few years.”
Oil prices have tumbled nearly 60 percent since last June to less than 49 $ a barrel, under pressure from the supply glut of global supply.
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Thursday, 29 January, 2015
Shafaq News / The US Vice President , Joe Biden predicted that world oil prices would remain low over the next few years.
Biden said during the energy security summit in the Caribbean, that oil prices “is now below 50 $ a barrel. It is likely to remain relatively low, at least in the near term in the next few years.”
Oil prices have tumbled nearly 60 percent since last June to less than 49 $ a barrel, under pressure from the supply glut of global supply.
[You must be registered and logged in to see this link.]
